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Sandton: Pricing Analyst – Life Insurance posted by Omega HR Solutions

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Job Description

About the Role

A leading financial services organisation is seeking an experienced Pricing Analyst to join their team. This role will focus on supporting pricing and quotation processes across the organisation’s insurance product offerings while ensuring accurate, timely delivery of new business quotes, renewals, and risk proposals.

Key Responsibilities

  • Prepare accurate and timely new business quotations, risk proposals, and scheme renewals.
  • Apply the organisation’s defined pricing methodologies across various insurance products.
  • Manage both book-rated and claims-rated quotations.
  • Maintain and update the quotation register for new and existing schemes.
  • Capture and analyse claims experience and pricing trends.
  • Analyse and report on price monitoring and performance indicators.
  • Support pricing decisions through data-driven insights.
  • Work closely with reinsurers and underwriters when required.
  • Manage stakeholder queries and escalations professionally and within agreed timelines.
  • Maintain strong collaboration with internal teams and external partners.
  • Track pricing tasks and ensure deadlines are consistently met.
  • Maintain accurate electronic filing and documentation.
  • Support ad-hoc projects and initiatives when required.
  • Identify opportunities to improve processes and operational efficiency.

Requirements

  • Bachelor’s Degree in Data Science, Statistics, Financial Mathematics, Actuarial Science, or a related field.
  • 58 years of experience in a similar role within Life Insurance.
  • Strong understanding of risk benefits and actuarial assumptions.
  • Experience working with insurance pricing, quotations, and scheme renewals.
  • Strong analytical and data interpretation skills.

Qualifications

(No qualifications mentioned in the original job description)

Salary & Benefits

(No salary or benefits information mentioned in the original job description)

How to Apply

Click the green “Go Apply” button below to apply directly online with the employer.

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About Other IT/Computer Jobs in Gauteng

The IT and computer industry is one of the most dynamic and growing sectors in Gauteng, with a thriving job market that offers a wide range of opportunities for career advancement.

In terms of salary ranges, IT professionals in Gauteng can expect to earn anywhere from R800 000 per annum for junior positions to over R2 million for senior executives. The average salary for software engineers is around R1.5 million, while data analysts can earn between R900 000 and R1.2 million. With experience and skills, IT professionals in Gauteng can expect significant salary increases, with some roles offering bonuses and benefits that can increase their overall remuneration.

To succeed in the IT industry in Gauteng, candidates need to possess a range of key skills, including programming languages such as Java, Python, and C++, as well as experience with databases, cloud computing, and cybersecurity. Strong problem-solving skills, attention to detail, and excellent communication skills are also essential for success in this field. Additionally, knowledge of ITIL (Information Technology Infrastructure Library) and Agile methodologies can be highly valued by employers.

Several major companies and industries in Gauteng are currently hiring IT professionals, including technology firms such as Microsoft, IBM, and Oracle, as well as banks and financial institutions like Standard Bank and Nedbank. The finance industry is also a significant employer of IT staff, with roles ranging from software development to data analytics and cybersecurity.

Career growth opportunities are abundant in the IT industry in Gauteng, with many companies investing heavily in employee training and development programs. With experience and skills, IT professionals can move into senior leadership positions or start their own businesses, while also pursuing further education and certifications. The Johannesburg Stock Exchange (JSE) is also a significant employer of IT staff, with roles ranging from software development to data analytics and cybersecurity.

View Job  Johannesburg: Sr Business Analyst posted by Magnus Consulting Solutions Pty Ltd

Overall, the IT industry in Gauteng offers a wide range of exciting career opportunities for job seekers with the right skills and experience. With salaries that are competitive with those offered by major companies globally, there has never been a better time to pursue a career in this dynamic and rapidly evolving field.


This information provides general career guidance. Actual salaries and requirements vary by employer.



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